Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Japanese Yen/United Arab Emirates Dirham (FOREX:JPYAED)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for JPYAED
The long term trend has been DOWN since May 1st, 2018 at 0.033465
The intermediate term trend has been DOWN since Nov 6th, 2018 at 0.032424
The short term trend has been UP since Nov 14th, 2018 at 0.032319
Smart Scan Analysis for JPYAED
Based on a pre-defined weighted trend formula for chart analysis, JPYAED scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).